- 60% of Kenyan businesses do not expect to grow their workforce in 2025, reflecting a more pessimistic outlook for the year, raising concerns about unemployment levels, as slow job creation could further strain an already struggling labor market.
- The Kenya Revenue Authority (KRA) received over 800 anonymous tips related to tax evasion in 2024, leading to the recovery of over Ksh.4.3 billion, according to KRA Board Chairperson Nderitu Muriithi.
- Vivo Energy has responded to a viral video by content creator Tanuki Garage, who tested fuel quality at various petrol stations in Nairobi, raising concerns about Shell V-Power.
- The European bottling unit of Coca-Cola said Monday that it had ordered a major recall of Coke, Sprite and other beverages after detecting high levels of chlorate, which poses potential health risks.
- Insurance provider First Assurance has partnered with the Institute of Certified Public Accountants of Kenya (ICPAK) to boost penetration among the professional body’s members.
- Analysis of land and property prices in and around Nairobi done by real estate firm HassConsult in the fourth quarter of 2024 found that the tough economic environment has impacted the real estate sector.
- The Kenya Investment Authority (KenInvest) and the Kenya Private Sector Alliance (KEPSA) have announced a strategic partnership to enhance Kenya's business environment.
- Convinced that this was a good deal, Shah proceeded to deliver Ksh.102,437,500 in the hope that his friends Nic and Boytorun would be getting the US dollar equivalent at a good rate, better than what the official channels would offer.
- Research on Gen Z food choices has forced Weetabix East Africa to reposition its flagship biscuit as an ‘anytime’ food that can be consumed as a meal, snack, or dessert, a ready-to-eat cereal at any time of day, including for lunch or dinner.
- Kenya's statistics office will begin publishing core inflation data to help monetary authorities to better predict the impact of their interest rate decisions on the economy, officials said on Tuesday.
- Cabinet Secretary for Tourism and Wildlife, Rebecca Miano, flagged off a delegation of 20 students and educators to represent Kenya in the Middle East and Africa Future Leaders Challenge 2025 in Dubai.
- Businesses owned by youth, women and persons with disabilities (PWDs) took up tenders worth Ksh.4.15 billion from Kenya Power during the 2023/24 financial year, the utility said on Tuesday.
- In a significant boost to agricultural research and innovation in Sub-Saharan Africa, the CIMMYT led the inauguration of the KALRO-CIMMYT Crops Research Facility at the Kiboko Research Station.
- The signing of the Tax Amendment Act and the Tax Procedures Act by President William Ruto on December 11th last year has set the stage for significant changes in Kenya's tax regime.
- A move by the Sudanese government to introduce new banknotes and compel people to open bank accounts has boosted bank deposits and with them, the army's war effort, finance minister Jibril Ibrahim said, though some critics say it has excluded millions from the financial system.
- Kenya's earnings from exports to the European Union (EU) dropped slightly to Ksh.38 billion in the third quarter of 2024, down from Ksh.38.8 billion in the same period in 2023.
- The Competition Authority of Kenya (CAK) has unconditionally approved the proposed buyout of Doctor No Parent Limited by Canadian entrepreneur and philanthropist Stephan Crétier.
- The government seeks to raise licence fees for satellite communication service providers, a move that will see big companies like the American satellite internet firm Starlink pay more to operate in Kenya.
- All importers will be required to acquire a digital marine cargo insurance cover for their imports from locally licensed insurance companies, beginning February 14, 2025.
- Kenya's private sector activity expanded very slightly in December, with growth slowing a little from a month earlier but remaining supported by increased customer sales, a survey showed on Monday.
- The East Africa Portland Cement Company (EAPCC) board on Friday refused to ratify the appointment of Bruno Oguda Obodha as the new Managing Director as appointed by President Ruto on December 20.
- Financial solutions provider HF Group Plc (NSE: HFCK) has achieved an over-subscription on its recently concluded Rights Issue, with a total subscription performance rate of 138.32%.
- The Competition Authority of Kenya (CAK) has unconditionally approved the proposed acquisition of Economic Industries Limited by Kenafric Manufacturing Limited.
- The move is part of a strategy to bring financial services closer to people and businesses. The bank is using the opportunity to give the branch a major facelift into a pristine, modern, and convenient space.
- Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.
- The Sambaza Furaha campaign, developed in collaboration with Royal Media Services, is part of Safaricom's ongoing efforts to broaden its reach and connect with more customers across the country.
- The Energy Petroleum Regulatory Authority (EPRA) has announced a reduction in the prices of Super Petrol, Diesel, and Kerosene in its latest monthly price review.
- Kenya, Uganda, Rwanda, and South Sudan have established a Joint Technical Committee to oversee the development of the Eldoret-Kampala-Kigali refined petroleum products pipeline.
- Kenya’s issuance of a fresh Eurobond is likely to ease concerns about the debt situation, and therefore lift the overall economic outlook for the country.
- The International Monetary Fund (IMF) is set to send a team to Kenya to work with the government in implementing governance reforms beginning in 2025.
- Aga Khan University has joined a consortium of 12 leading African and European institutions to train the next generation of infectious disease experts.
- The World Bank downgraded Kenya's economic growth estimate for this year to 4.7% on Tuesday, from an initial 5.0%, citing the impact of floods, anti-government protests and flailing fiscal consolidation efforts.
- China's exports grew at a slower pace in November than the bumper month before, while imports unexpectedly shrank, in a worrying sign for the world's No. 2 economy as Donald Trump's imminent return to the White House brings fresh trade risks.
- Boeing (BA.N) restarted production of its best-selling 737 MAX jetliner last week, about a month after the end of a seven-week strike by 33,000 factory workers, according to three sources familiar with the matter.
- African women are set to gain greater access to opportunities in technology and innovation after a new partnership between Women in Technology and Innovation Africa (WITIA), and China Trade Week Global.
- The Central Bank of Kenya (CBK) has reduced the benchmark lending rate by a further 75 basis points to 11.25 percent, marking its third rate cut this year.
- Global coffee prices have soared to their highest in nearly 50 years due to poor weather in Brazil and Vietnam, forcing roasters such as Nestle (NESN.S) to raise prices and consumers to hunt for cheaper brews amid the cost of living crisis.
- Bitcoin rose above $100,000 (about Ksh.13 million) for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.
